5 rate cuts 😮

[u/abishop717]

[u/ric2b]

The best move for the Fed right now would be to keep rates where they are and force congress to reverse the tariffs, anything else is way too damaging for lowered rates to fix.

[u/Gh0StDawGG → u/ric2b]

Tariffs not going anywhere. How the fed fixes 🥭mess will be interesting.

[u/adrr → u/Gh0StDawGG]

Raise rates to drain more dollars from the market.

[u/AGI2028maybe → u/adrr]

If Powell even hinted at a rate increase the market would literally be down 10% within a second.

[u/dqdg → u/ric2b]

Well, we know that is not going to happen. Its all up to the Fed, whom I am hoping is not influenced by the WH (ugh)

[u/ric2b → u/dqdg]

Well, we know that is not going to happen.

Some republicans are already talking about it, don't be so sure.

[u/DPMKIV → u/ric2b]

Agreed, the FED really has no reason to do anything here.

They should and likely will let the new norm settle and move to QE and such once the damage is done.

What is done is done, and this is a world we are going to have to figure out how to operate in now.

This whole thing really highlights how our branch's checks-n-balances process that was built in is failing. Something with such a global impact should have been approved by the House and Senate. We see our house and Senate are 2 steps behind the executive branch's public addresses.

[u/ric2b → u/DPMKIV]

The checks and balances are mostly bullshit myths propped up by tradition, as we're now seeing.

The system is very fragile, favors the executive way too much and mathematically polarizes to only two options.

[u/ironforger52 → u/ric2b]

Ain't happening.  They need a 2/3 majority to override Trumps veto

[u/ric2b → u/ironforger52]

Democrats will definitely go along with it so you only need about 1/3 of republicans.

[u/ironforger52 → u/ric2b]

Republicans are not defying trump.  The vast majority is locked step with trump

[u/ric2b → u/ironforger52]

Some of them are cracking already. We'll see.